AO cannot treat activities of Trust as business without examining the same

ACIT (Exemptions) Vs. Andhra Cricket Association (ITAT Vishakhapatnam)

The assessee is receiving grants from BCCI partly as reimbursements for various tournaments conducted by the assessee. The assessee has already constructed a stadium at Visakhapatnam suitable for conducting ^‘test matches^‘. During the year under consideration, the assessee has also commenced construction of stadiums at various places like Mangalagiri, Kurnool & Kadapa. During the year, it has also acquired land at Nello

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